This bill authorizes the division of motor vehicles to engage a third-party vendor to enhance the secure transfer of title applications and information between the division, municipal agents, and car dealerships. Key provisions include the introduction of terms such as "electronic lien and title (ELT) hub" and "ELT service provider," which define the roles of contracted agents and service providers in facilitating electronic transactions related to motor vehicle titles. The bill also establishes that the ELT hub and service providers are responsible for securely handling motor vehicle and title information, ensuring compliance with security requirements, and limiting the use of this information strictly to authorized purposes.

Additionally, the bill amends several sections of existing law to reflect these changes. Notable amendments include the replacement of the term "Mailing" with "Delivery" in the context of how certificates of title are sent to lienholders or owners, allowing for both mailing and delivery options. It also mandates that upon the satisfaction of a security interest, lienholders must notify the department within ten days, leading to the issuance of a title free of security interest to the owner. The act is set to take effect 60 days after its passage, with an effective date of September 13, 2025.

Statutes affected:
Introduced: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27
As Amended by the Senate: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27
Version adopted by both bodies: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27
CHAPTERED FINAL VERSION: 259:9, 260:14, 261:9, 261:21, 261:25, 261:27